It seems the Sotheby’s x Three Arrows Capital (3AC) saga isn’t over. Because on May 31, as collections from generative art platform Art Blocks continue to surge, the famed auction house announced plans for a new extensive live auction of significantly important generative NFTs compiled from the now-defunct Singapore-based crypto hedge fund. Set to take…
The Alpha: A recent bipartisan agreement on the U.S. debt ceiling may bypass several proposed tax increases, including the Digital Asset Mining Energy (DAME) tax that would have levied a 30 percent tax on energy consumption by crypto miners. Despite progress and President Joe Biden’s confidence, the agreement still requires approval from the House of…
The Alpha: The digital artist collective Exquisite Workers is teaming up with Superchief Gallery NFT and Web3 marketplace Foundation to host AI Surrealism, an AI art exhibition in New York from June 2-8. The exhibition, which is being billed as the largest AI art show of its kind, will take place at The Oculus within…
Over a year has passed since Moonbirds first exploded onto the NFT scene in April 2022. Just days after its launch, the project had already achieved upwards of 100,000 ETH (around $300 million) in secondary sales volume. And in under a week, Moonbirds entered into the top 10 highest-grossing NFT collections. As of May 2023, though,…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s…
On May 25, Web3 marketplace Binance announced it will allow NFT owners to use their digital assets as collateral to secure loans in Ethereum. Named Binance NFT Loan, the new service is aimed at bringing the advantages of decentralized finance (DeFi) to Binance’s NFT community, letting users unlock the potential of their NFT holdings without…
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. If you thought either space was quieting down as we amp up our summer travel plans, we have big news for you. DotSwoosh, Nike’s latest Web3 activation, officially launched Our Force 1 virtual boxes. In…
The Alpha: In a significant push toward the integration of blockchain technology into the realm of global sports events, Platinium Group, a primary ticket provider for Formula 1, is set to usher in a novel age of ticketing. The Monaco Grand Prix, held May 26-May 28, will serve as the launchpad for issuing NFT race…
Blur quickly gained recognition in the NFT sector, and its lending protocol, Blend, seems to be following suit. Blend’s popularity has skyrocketed since its launch in May, eclipsing its competitors and also dramatically increasing the overall volume of NFT loans. According to data from DappRadar, Blend secured 169,900 ETH ($308 million) in trading volume in…
